On the morning of July 2, the price of SJC gold bars continued to be maintained at a high level by businesses, 118.7 million VND/tael for buying and 120.7 million VND/tael for selling - stable compared to the end of yesterday.
Gold bar prices remain high after a one-day increase of 1.5 million VND/tael. Currently, this precious metal is at its highest level in many weeks.
Along with gold bars, the prices of 99.99% gold rings and jewelry gold were also listed by businesses at a stable level of VND114.3 million/tael for buying and VND116.8 million/tael for selling. After increasing by more than VND1 million/tael yesterday, the price of gold rings is also at its highest level in many weeks.
SJC gold bar price has remained high for many weeks.
Domestic gold prices remain high due to the influence of world gold prices. In the international market, gold prices today are trading at 3,333 USD/ounce, slightly down from the previous session but still far above the 3,300 USD/ounce range.
Precious metals on the international market are benefiting from the weakening of the US dollar. The US dollar index (DXY) continues to maintain the 96.7 mark - the lowest level in many years. At the same time, US bond yields have dropped to around 4.2%, creating conditions for the US Federal Reserve (FED) to consider cutting interest rates in the future. When the US cuts interest rates, gold prices will benefit.
Currently, the world gold price converted according to the listed exchange rate is about 105.8 million VND/tael, about 15 million VND/tael lower than the price of SJC gold bars.
Source: https://nld.com.vn/gia-vang-mieng-sjc-o-muc-cao-nhat-trong-nhieu-tuan-qua-196250702094433864.htm
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